a. Terms & Conditions

The Company has only one class of Equity Shares having a par value of Rs. 10 per Share. Each holder of Equity Share is entitled to one vote per share.

In the event of liquidation of the Company, the holder of Equity Shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of Equity Shares held by the Shareholders.

Other disclosures pursuant to Long-term Borrowings:

Secured Corporate Term Loan (LAP) from STCI

a. Term Loan from STCI Finance Limited amounting to Rs. 35,750,000/- (P.Y. Rs. 39,000,000) is secured by exclusive charge by way of registered mortgage of three plots of land in the name of Ladderup Enterprises Private Limited, a company owned/controlled by key management and/or their relatives. It carries interest rate of 13.50% per annum up to 20^th November, 2017 and from 21^st November, 2017 the rate was 12.25% per annum. The Loan is repayable in 48 equal monthly installments of Rs. 812,500/- each commencing from the end of 13th month of the date of first disbursement.

b. Term Loan from STCI Finance Limited amounting to Rs. 7,608,332/- (P.Y. Rs. 8,300,000) is secured by exclusive charge by way of registered mortgage of premises of the company. It carries interest rate of 13.50% per annum up to 5th December, 2017 and from 6th December, 2017 the rate was 12.25% per annum. The Loan is repayable in 36 equal monthly installments of Rs. 230,556/- each commencing from the end of 13th month of the date of first disbursement.

c. Secured Loan taken from ICICI Bank amounting to Rs. 1,121,761/- (P.Y. Rs. Nil) carrying interest rate of 9.10% p.a. The loan is repayable in May, 2020. The loan is secured against respective vehicle.

Secured Loan from Others includes

i) Secured Loan taken from Indianivesh Capital Limited amounting to Rs. 69,658,397/- (P.Y. Rs. 45,461,027/-) carrying interest rate of 13% p.a. up to 30^th June, 2017 and thereafter 11.50% p.a. The loan is repayable in March, 2019. The loan is secured against pledge of some of the shares held by the Company as non-current investment.

Note 1 : Deferred Tax Assets (Net)

The major components of Deferred Tax (Liability) / Asset as recongised in the Financial Statement are as follows:

Note 2 : Accompanying Notes to Accounts

A) Contingent Liabilities :

B) In the opinion of the Board the Current Assets, Loans & Advances are realisable in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet. The provision for all known liabilities is adequate and not in excess of amount reasonably necessary.

C) Disclosure pursuant to Accounting Standard - 15 ‘Employee Benefits’

Actuarial Assumptions:

* The estimates of future salary increases, considered in a actuarial valuation, takes account of inflation, seniority, promotion and other relevant factors such as supply and demand in the employment market.

(i) Changes in the Present Value of Defined Benefit Obligation representing reconciliation of opening and closing balances thereof:

D) Segment Reporting

a. Basis of Preparation

In accordance with the requirements of Accounting Standard - 17 “Segment Reporting”, the Company’s business activities can be classified into two segments namely Investment & Trading in Shares & Securities and Finance Activities. The information about all the segments is given below.

b. Information about Primary Segments - Business Segments:

i. Segment Information

Note :

Fixed Assets and Other Assets used in the Company’s Operations or Liabilities contracted have not been identified to any of the Reportable Segments, as the Assets are used interchangeably between Segments. Hence, it is not practicable to provide Segment Disclosures relating to total Assets and Liabilities.

E) Estimated amount of contracts remaining to be executed on capital account not provided for (net of advances) Rs. Nil (PY Rs. 2,197,067).

F) Company has transferred an amount of Rs. 12,695,630/- (P.Y. Rs. 25,236,980/-) equivalent to 20% of the Profits after Tax of the Company to Special Reserve Account in compliance with Section 45IC of the Reserve Bank of India Act.

G) Corporate Social Responsibility

As per provisions of section 135 of the Companies Act, 2013, the Company has to incur at least 2% of average net profits of the preceding three financial years towards Corporate Social Responsibility (“CSR”). Accordingly, a CSR committee has been formed for carrying out CSR activities as per the Schedule VII of the Companies Act, 2013.

Details of CSR Expenditure:

a) Gross amount required to be spent by the Company during the year is Rs. 1,145,634 (Previous Year Rs. Nil)

Figure in the bracket are in respect of Previous Year

H) The Additional information pursuant to schedule III to the companies act 2013 is either NIL or not applicable.

i) The previous year’s figures have been re-grouped/re-classified to conform to this year’s classification.